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Crown falls after months of speculative buying

The Slovak crown, along with other central European currencies, took a tumble yesterday, falling 70 basis points to 42.43 against its euro reference currency, the weakest it has been since September 2002.

The crown had been steadily appreciating on speculative buying by foreign banks.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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